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Deposit growth outpaces Credit Growth in last 8 months: CARE Ratings

By Economic Times - a week ago
Banking system deposit growth has surpassed credit growth over the past 8 months, with deposits increasing by Rs. 14.7 lakh crore to Rs. 215.5 lakh crore and credit expanding by Rs. 10.9 lakh crore to Rs. 170.5 lakh crore as of September 6, 2024. Personal loans and MSME demand have supported credit growth.

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